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2. IRS Increases Gift and Estate Tax Exempt Limits - AOL

   www.aol.com/finance/irs-increases-gift-estate...

   Barring an extension or new legislation, the lifetime estate and gift tax exemption is due to revert to the pre-2017 Tax Cuts and Jobs Act level of $5.49 million at midnight on Dec. 31, 2025.

3. Rich Americans are dodging capital gains taxes by gifting ...

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   You can make a tax-free gift as long as it's valued below an annual limit, which is $19,000 per recipient in 2025. If you make a gift above this amount, it counts towards your lifetime gifts and ...

4. Gift tax in the United States - Wikipedia

   en.wikipedia.org/wiki/Gift_tax_in_the_United_States

   Gifts above the annual exemption amount act to reduce the lifetime gift tax exclusion. [14] Congress initially passed the gift tax in 1932 at a much lower rate than the estate tax, a full 25% under the estate tax rate, while also providing a $50,000 exemption, separate from the $50,000 exemption under estate tax. [ 15 ]

5. 8 Must-Know Rules for Gifting Holiday Money to Family

   www.aol.com/8-must-know-rules-gifting-165700115.html

   4. Know the tax implications. In certain countries, like the US, you may only be able to gift money to family members tax-free as long as it’s under a certain amount.. For example, IRS rules on ...

6. Child and Dependent Care Tax Credit: Eligibility, Benefits ...

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   The maximum amount you can claim for tax year 2024 is $3,000 for one person, or $6,000 for two or more people. For tax year 2021, during the pandemic, the credit was increased significantly ...

7. IRS announces higher standard deduction, new tax ... - AOL

   www.aol.com/irs-announces-higher-standard...

   Other key changes will take place for 2025. For tax year 2025, the maximum credit allowed for an adoption of a child with special needs is the amount of qualified adoption expenses up to $17,280 ...

8. Tax season 2025: Everything you need to know about ... - AOL

   www.aol.com/finance/tax-season-2025-everything...

   Otherwise, the penalty can be as much as 5% of the unpaid tax each month up to a maximum of 25%. (The amount can be cut considerably if you work out a payment agreement with the IRS.)

9. Major Tax Changes for 2021 You Need To Know - AOL

   www.aol.com/major-tax-changes-2021-know...

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